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A bank customer borrowed $4000 for 1 year at 5% simple interest to buy a computer. How much interest did the customer pay

A bank customer borrowed $4000 for 1 year at 5% simple interest to buy a computer. How much interest did the customer pay
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A bank customer borrowed $4000 for 1 year at 5% simple interest to buy a computer. How much interest did the customer pay

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User RPK
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1 Answer

3 votes

$4,200 because 1.05 times 4,000 is 4,200

answered
User Eder
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